All of our news and analysis on the retrocessional reinsurance marketplace.
Retrocession is effectively reinsurance for reinsurers, so a tertiary layer of risk transfer away from the original risk, if you consider primary, reinsurance and then retrocession.
As reinsurance is insurance for insurers, retrocessional, or retro, protection is reinsurance for reinsurers.
The retrocession reinsurance market has increasingly come to depend on the capital markets and insurance-linked securities (ILS).
As of mid-year 2022, global retrocession capacity has been estimated to be as high as $60bn, around $20bn of which is indemnity based and the rest in other formats.
The alternative capital markets and ILS funds, or investors, play a significant role in global retrocession, as too do instruments such as catastrophe bonds and industry-loss warranties (ILW).
The alternative capital market in reinsurance is primed for growth through the rest of 2023, with favourable conditions expected, according to rating agency Fitch.
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There are now just over two weeks left until our next catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2023 on Tuesday September 5th. Register soon to attend!
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You can now view the agenda and session timings for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2023 on Tuesday September 5th. Register soon to attend!
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Global insurance and reinsurance specialist Everest has seen the recent trend of a return to productive growth for its collateralized reinsurance investment vehicle Mt. Logan Re continue in the second-quarter of 2023.
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While global reinsurance firm Hannover Re’s large losses came in under budget for the first-half of 2023, the company still reported that it ceded just over EUR 128 million of the natural catastrophe loss burden to its retrocession program and capital partners.
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One of the key drivers for some insurance-linked securities (ILS) funds in their strong recovery following September 2022’s hurricane Ian struck Florida is the fact many of the contracts they had written were at higher attachment points, and so have avoided losses.
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German reinsurer Hannover Re has purchased a significant amount of retrocession protection in 2023, and while this has limited its growth appetite in the natural catastrophe space, the company has sufficient room to expand its appetite should opportunities present themselves, according to Sven Althoff, Member of the Executive Board, P&C, Hannover Re.
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Echoing what we’ve been reporting for more than two year’s now, higher attachment points for reinsurance and retrocession contracts are the real hard market story analysts at Jefferies suggest, when it comes to delivering returns to stakeholders.
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A number of annual aggregate catastrophe bonds that cover severe convective storms and severe thunderstorms in the United States are again coming under pressure in 2023, as elevated levels of losses push prices for a number of cat bonds lower.
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There is now less than one month left for you to register and secure a ticket to attend our next insurance-linked securities (ILS) market conference, Artemis London 2023 on Tuesday September 5th.
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